On June 16, the Ethereum ecosystem set a new record for transactions per second (TPS).
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
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📈 CEO of Binance, Richard Teng, is confident that Bitcoin will exceed $80,000 by the end of this year (source). He believes that the improvement in macroeconomic conditions in 2025 will be a strong driver for further growth in the crypto market.
🚀 At the same time, analysts at Bernstein have raised their year-end 2025 BTC target to $200,000 (source).
🇨🇳 Meanwhile, the Chinese, as always, have long-term plans. Chinese telecommunications giant Coolpad is investing $41,500,000 in mining and crypto companies (source).
🇺🇸 The Chinese need to catch up with the Americans. The total market capitalization of US-listed Bitcoin miners has increased (source) to $22.8 billion — 7 companies have surpassed the $1 billion threshold.
🇪🇺 Old Europe now strictly regulates stablecoins. Due to the implementation of new MiCA crypto regulation rules starting July 1, crypto exchange Uphold will cease support for the stablecoins $USDT, $DAI, $FRAX, $GUSD, $USDP, and $TUSD in Europe (source).
🚀 At the same time, analysts at Bernstein have raised their year-end 2025 BTC target to $200,000 (source).
🇨🇳 Meanwhile, the Chinese, as always, have long-term plans. Chinese telecommunications giant Coolpad is investing $41,500,000 in mining and crypto companies (source).
🇺🇸 The Chinese need to catch up with the Americans. The total market capitalization of US-listed Bitcoin miners has increased (source) to $22.8 billion — 7 companies have surpassed the $1 billion threshold.
🇪🇺 Old Europe now strictly regulates stablecoins. Due to the implementation of new MiCA crypto regulation rules starting July 1, crypto exchange Uphold will cease support for the stablecoins $USDT, $DAI, $FRAX, $GUSD, $USDP, and $TUSD in Europe (source).
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💧 The ongoing drop from zkSync is one of the largest airdrops in history, with tokens worth $907 million allocated.
As of now, 66.9% of the distribution has taken place, with 430,706 participants claiming 2.46 billion ZK tokens ($607.6 million). (Arkham)
👀 It seems like the team didn't bother to properly verify wallets, as the tokens appear to have been distributed completely randomly, or perhaps to people connected to the team, since many were rejected while others received a fortune.
🏹 For example, this airdrop hunter received 3,010,000 ZK ($753,000) across 85 wallets! He then transferred 2,710,000 ZK to Binance and sold 300,000 ZK on SyncSwap. 💰
As of now, 66.9% of the distribution has taken place, with 430,706 participants claiming 2.46 billion ZK tokens ($607.6 million). (Arkham)
👀 It seems like the team didn't bother to properly verify wallets, as the tokens appear to have been distributed completely randomly, or perhaps to people connected to the team, since many were rejected while others received a fortune.
🏹 For example, this airdrop hunter received 3,010,000 ZK ($753,000) across 85 wallets! He then transferred 2,710,000 ZK to Binance and sold 300,000 ZK on SyncSwap. 💰
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🐳 When the price of Bitcoin drops, whales step in!
Accumulation addresses (Bitcoin addresses with a low spending history) have added 12,700 BTC worth about $840 million in the last 24 hours.
Accumulation addresses (Bitcoin addresses with a low spending history) have added 12,700 BTC worth about $840 million in the last 24 hours.
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🤷 Elon Musk does not plan to integrate cryptocurrency payment functionality into Twitter (X) this year and aims to transform X into a full-fledged payment application (similar to Venmo, Cash App, or Zelle) - Bloomberg.
🚀 Coinbase has launched its own premarket. The first project on Coinbase's premarket is EIGEN.
🇰🇷 The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. This has caused panic in local markets, with users fearing potential delistings and initiating sell-offs.
🚀 Coinbase has launched its own premarket. The first project on Coinbase's premarket is EIGEN.
🇰🇷 The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. This has caused panic in local markets, with users fearing potential delistings and initiating sell-offs.
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4100 out of the 10,000 largest addresses that received a distribution from ZKsync have sold all their ZK tokens, according to data from Nansen.
👀 Another 29.2% have sold only part of their tokens, while slightly more than 30% of wallets are still holding their assets.
In total, the large airdrop participants have dumped 491 million ZK, which at the time is equivalent to ~$110.1 million. 🧐
However, Nansen's data covers only 1.4% of the 690,951 eligible wallets, so there is no precise information on how smaller recipients are behaving. 🤷
👀 Another 29.2% have sold only part of their tokens, while slightly more than 30% of wallets are still holding their assets.
In total, the large airdrop participants have dumped 491 million ZK, which at the time is equivalent to ~$110.1 million. 🧐
However, Nansen's data covers only 1.4% of the 690,951 eligible wallets, so there is no precise information on how smaller recipients are behaving. 🤷
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The controversy surrounding the unfair ZKSync airdrop is not subsiding. User X accused the development team of secretly appropriating 50 million ZK tokens.
👀 He shared the collected evidence on Github and Mirror and called on Binance and the venture company Andreessen Horowitz, a16z, to react. He believes that ZKSync has violated the principles of decentralization that they themselves preach. 🤷
👀 He shared the collected evidence on Github and Mirror and called on Binance and the venture company Andreessen Horowitz, a16z, to react. He believes that ZKSync has violated the principles of decentralization that they themselves preach. 🤷
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📈 The number of DEX users on Base has increased to a record high of 267,000. By this metric, Coinbase's L2 solution has surpassed BNB and is second only to Solana. 🙀
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
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ConsenSys, the developer of Ethereum, announced that the SEC has notified them of the termination of the investigation into Ethereum 2.0. The regulator will no longer claim that the sale of ETH constitutes a securities transaction. 🥳
📂 This decision followed a letter sent by ConsenSys on June 7, in which they requested the SEC to confirm that the May approvals of the ETH ETF, which were based on ETH being classified as a commodity, would lead to the closure of the investigation into Ethereum 2.0. 🔎
🥋 The developers also stated that the struggle is ongoing, as they are now seeking a declaration from the SEC that the offering of the MetaMask Swaps and Staking user interface software does not violate securities laws also.
📂 This decision followed a letter sent by ConsenSys on June 7, in which they requested the SEC to confirm that the May approvals of the ETH ETF, which were based on ETH being classified as a commodity, would lead to the closure of the investigation into Ethereum 2.0. 🔎
🥋 The developers also stated that the struggle is ongoing, as they are now seeking a declaration from the SEC that the offering of the MetaMask Swaps and Staking user interface software does not violate securities laws also.
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Tether to share the fate of FTX – Consumers' Research
🔎 Consumers' Research is running an advertising campaign accusing Tether of having ties with authorities in China and Russia, terrorist groups, drug cartels, and human traffickers, and calling it a Ponzi scheme. 🧐
The accusation of Tether's corruption even appeared on a billboard in Times Square in New York today! 🏙
🔎 Consumers' Research is running an advertising campaign accusing Tether of having ties with authorities in China and Russia, terrorist groups, drug cartels, and human traffickers, and calling it a Ponzi scheme. 🧐
The accusation of Tether's corruption even appeared on a billboard in Times Square in New York today! 🏙
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🐳 After ConsenSys reported that the SEC had closed the investigation into Ethereum 2.0, a whale bought an additional 5603 ETH ($19.6 million). Since May 30, this whale has withdrawn 16,604 $ETH ($59 million at an average price of $3600) from Binance. 🧐
💬 The SEC commented on S-1 forms for spot Ethereum ETFs – issuers are working to address the regulator's comments by Friday.
🐈⬛ Pantera Capital is interested in purchasing shares of the Bitwise spot Ethereum ETF for $100,000,000.
📝 Bitwise has filed an updated application for a spot Ethereum ETF.
Earlier, we reported, according to Bloomberg, that spot Ethereum ETFs could start trading as early as July 2. 🚀
💬 The SEC commented on S-1 forms for spot Ethereum ETFs – issuers are working to address the regulator's comments by Friday.
🐈⬛ Pantera Capital is interested in purchasing shares of the Bitwise spot Ethereum ETF for $100,000,000.
📝 Bitwise has filed an updated application for a spot Ethereum ETF.
Earlier, we reported, according to Bloomberg, that spot Ethereum ETFs could start trading as early as July 2. 🚀
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📉 The top 115 altcoins have declined by an average of 50% from their 2024 peak values due to low liquidity and token unlocks amounting to nearly $2 billion. (10x Research).
🤷 The average indicates that there are both significant losers and altcoins with lesser losses.
🤷 The average indicates that there are both significant losers and altcoins with lesser losses.
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📈 The peak of the current cycle may be reached either in December 2024 or in October 2025 (if this cycle repeats the track of the last three halving cycles) - Glassnode.
📢 This statement echoes the opinion of another cryptocurrency analyst, Julien Bittel, who believes that bitcoin is currently in a "boring" zone that precedes the "banana" growth zone:
📢 This statement echoes the opinion of another cryptocurrency analyst, Julien Bittel, who believes that bitcoin is currently in a "boring" zone that precedes the "banana" growth zone:
A big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to nuke any remaining bullish sentiment, another phase of boring sideways trading, and eventually, prices beginning to rise again...
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🚨 $3M Bug Exploited at Kraken Crypto Exchange
🪲 Bug bounty hunters found an "extremely critical" vulnerability that allowed them to artificially inflate and drain balances on Kraken.
🕵️♂️ The flaw, identified and fixed within an hour on June 9, involved initiating incomplete transaction deposits.
👀 A critical vulnerability allowed attackers to inflate deposit balances. A user who warned about the bug used it to inflate his deposit by $4 and informed others, who then withdrew $3 million. Two refused to return the money.
🪲 Bug bounty hunters found an "extremely critical" vulnerability that allowed them to artificially inflate and drain balances on Kraken.
🕵️♂️ The flaw, identified and fixed within an hour on June 9, involved initiating incomplete transaction deposits.
👀 A critical vulnerability allowed attackers to inflate deposit balances. A user who warned about the bug used it to inflate his deposit by $4 and informed others, who then withdrew $3 million. Two refused to return the money.
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Is altcoin season starting? 👀
📈 The MVRV indicator for ETH is increasing faster than BTC's MVRV, indicating that the ETH market is heating up relative to the network's fundamental indicators.
Considering the current ETF situation, this might just be the season for ETH. However, historically, when ETH rises, other altcoins usually follow suit. 🚀
📈 The MVRV indicator for ETH is increasing faster than BTC's MVRV, indicating that the ETH market is heating up relative to the network's fundamental indicators.
Considering the current ETF situation, this might just be the season for ETH. However, historically, when ETH rises, other altcoins usually follow suit. 🚀
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A conflict has erupted among CertiK, Kraken, and the crypto community due to a discovered exploit
🔍 CertiK was identified as the entity that reported the bug. They claimed to have found critical vulnerabilities in Kraken's systems, potentially leading to losses of hundreds of millions of dollars. CertiK also alleged that Kraken's security team threatened their employees, demanding an "inappropriate" payment within "unreasonable" deadlines.
Kraken countered, saying they requested a full report and the return of the funds, accusing CertiK of unethical hacking and extortion for not complying.
The crypto community on X questioned CertiK's actions:
▪️Why did CertiK withdraw so much money if the bug could be proven with smaller amounts?
▪️ Why did CertiK transfer all funds to Tornado Cash?
▪️ Analysts found contradictions in CertiK reports.
▪️ Similar anomalies were noticed on other exchanges.
Users began to doubt CertiK competence and suspect its employees of malicious actions against various projects🧐
🔍 CertiK was identified as the entity that reported the bug. They claimed to have found critical vulnerabilities in Kraken's systems, potentially leading to losses of hundreds of millions of dollars. CertiK also alleged that Kraken's security team threatened their employees, demanding an "inappropriate" payment within "unreasonable" deadlines.
Kraken countered, saying they requested a full report and the return of the funds, accusing CertiK of unethical hacking and extortion for not complying.
The crypto community on X questioned CertiK's actions:
▪️Why did CertiK withdraw so much money if the bug could be proven with smaller amounts?
▪️ Why did CertiK transfer all funds to Tornado Cash?
▪️ Analysts found contradictions in CertiK reports.
▪️ Similar anomalies were noticed on other exchanges.
Users began to doubt CertiK competence and suspect its employees of malicious actions against various projects🧐
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The volume of money transfers on TON already makes up 10% of the funds transferred on the Bitcoin network!
💵 Transfers through The Open Network (TON) range from $5.0 to $10.0 billion. For comparison, the average daily transfer volume for Bitcoin is around $50.0 billion. This shows that TON has already achieved 10% of Bitcoin’s capacity, which is impressive for a four-year-old coin.
📈 Another sign of TON’s exponential growth is the number of on-chain token holders. Currently, there are 32 million holders, up from 2.9 million a year ago. That’s a tenfold increase in just one year! 💪
💵 Transfers through The Open Network (TON) range from $5.0 to $10.0 billion. For comparison, the average daily transfer volume for Bitcoin is around $50.0 billion. This shows that TON has already achieved 10% of Bitcoin’s capacity, which is impressive for a four-year-old coin.
📈 Another sign of TON’s exponential growth is the number of on-chain token holders. Currently, there are 32 million holders, up from 2.9 million a year ago. That’s a tenfold increase in just one year! 💪
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The German government is quietly selling its Bitcoins. 🤫
💵 Yesterday, it transferred 1,000 BTC ($65 million) to the Kraken and Bitstamp exchanges, plus 5,500 BTC ($358 million) to an unknown wallet. 🧐
👀 And today, another 200 BTC ($13.16 million) left their wallet, heading to the Coinbase exchange. Additionally, 800 BTC ($52.65 million) went to the same unidentified wallet.
💵 Yesterday, it transferred 1,000 BTC ($65 million) to the Kraken and Bitstamp exchanges, plus 5,500 BTC ($358 million) to an unknown wallet. 🧐
👀 And today, another 200 BTC ($13.16 million) left their wallet, heading to the Coinbase exchange. Additionally, 800 BTC ($52.65 million) went to the same unidentified wallet.
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Another user lost $84,400 today, by copying a scam address from their transaction history
👀 This tactic is very common among scammers - they create a wallet address with a beginning and end similar to the victim's wallet, which holds a large sum of money, and send a small transaction there, hoping the wallet owner won't check the entire address but only the beginning and end. Unfortunately, this tactic often works successfully. 😕
👀 This tactic is very common among scammers - they create a wallet address with a beginning and end similar to the victim's wallet, which holds a large sum of money, and send a small transaction there, hoping the wallet owner won't check the entire address but only the beginning and end. Unfortunately, this tactic often works successfully. 😕
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♊️ Tyler Winklevoss, one of the Winklevoss twins and a co-founder of the Gemini exchange, endorsed Donald Trump and donated $2,000,000 in BTC to his presidential campaign. 💰
The Winklevoss brothers are early Bitcoin investors who bought BTC at $120 in 2013 for $11 million. 💪
It has also been announced that Gemini is launching an initiative to fund election campaigns for candidates who support cryptocurrencies.
The Winklevoss brothers are early Bitcoin investors who bought BTC at $120 in 2013 for $11 million. 💪
It has also been announced that Gemini is launching an initiative to fund election campaigns for candidates who support cryptocurrencies.
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